How Tenants Can Guard Against Unpaid Build-Out Allowances

In an article published by Law 360, titled “How Tenants Can Guard Against Unpaid Build-Out Allowances,” James Carlon, Partner, and Janet Scognamiglio, Associate, explore the risk to office tenants of the non-payment (or late payment) of a landlord-funded improvement allowance. This risk is exacerbated by a competitive market requiring some building owners to fund multiple tenant improvement allowance obligations simultaneously causing liquidity and cashflow issues for landlords.

The article also discusses specific strategies to help tenants mitigate these risks.

To read the full article on Law 360, please click here.